Distributing Metaphytas and well, generally, evolving single-cell organisms to these:





Ok, these are GIFs, and they aren't working on this blog. Ah well.
Blog of a recently married couple.






This is the first book that I personally feel the titular character, Harry, begins to really show some character. I used to feel that his friends were more strongly depicted than him, and he was merely a central character around which his tale was built through the actions of others around him. In the HBP, Harry has grown rebellious, more vocal and strong-minded, and hints an affinity toward the dark side with his reluctance to throw aside a potions book that he happens to receive. About time, he's 16 already, teens usually display hormonal changes earlier than this!
All hell has broken loose; the year at Hogwarts, as has been the tradition in the previous books, will be spent out of the school. Harry and his 2 best friends are on the run and carrying on with Dumbledore's assigned quest. There are many touching moments and emotional setbacks as this tome finally reveals all. One of these moments was when Harry manages to win over Kreacher, Sirius Black's house-elf. Through their separations and eventual reunion, the teens experience more adventure to last a lifetime. Rowling's infamous killing of several characters in this book continues, though much less fanfare is given due to the nature of War.
One issue did bother me though, and that was with the symbol of the Deathly Hallows. It seemed to me as though Harry and friends were desperately searching for a masonic-like symbol (association with symbols of Free Masonry, a known Secret society of dubious standing).

Thursday, 12 February 2009
Singapore Democrats
CNN reported today that Merrill Lynch paid a total of $121 million (amounts in USD unless otherwise stated) to its top four bonus recipients in 2008 just before it went out of business. The next top for bonus recipients received $62 million, and the next top six bonus packages totalled $66 million. In other words, 14 people in the US were given nearly $250 million.
The list goes on: nearly 700 of the company's top executives (out of a total of 39,000 employees) walked away with at least $1 million each in bonuses bringing the grand total paid out to a cool $3.6 billion.
These benefits were dished out last December, just days before the bank announced that it had made a $15-billion loss in the 4th quarter ($27 billion for the year). A few days later, the company was sold to Bank of America.
The Merrill saga would make for fascinating reading if not for the fact that we Singaporeans were the ones paying for this scam.
And who was behind the fiasco? In December 2007, Temasek Holdings bought into Merrill Lynch and paid $4.4 billion for a 9.4 percent stake, making it the biggest shareholder even though the bank was already losing money then. By July 2008, Merrill reported another two quarters of losses and announced that it needed more capital – $8.5 billion to be exact.
Normally this would have been seen as a warning signal that something was amiss. But the bright sparks at Temasek, chief among them Ms Ho Ching, unbelievably chose to up its stake to 14 percent in the flailing and failing bank. Temasek did this because it believed that Merrill had a "great franchise". It even announced that it had "great confidence" in the bank's CEO John Thain, who was fired from BoA earlier this year for not disclosing Merrill's losses.
But you wouldn't know about the tumult by looking at Temasek's website because it carries no news about Merrill. The website does say, however, that Temasek is "built on professionalism and robust processes".
All that professionalism and robustness under Ms Ho's leadership led the group to declare a 31 percent loss last year in its portfolio of S$185 billion – and that was just between March and November. Temasek has invested 40 percent of its budget in financial services. Put together, we are probably staring at an even greater loss.
The S$58-billion loss incurred by Temasek works out to, based on 3 million citizens, S$20,000 per Singaporean. If this money had been returned to the people instead of lining the already bulging pockets of the fat cats in Wall Street, each Singaporean household would have an average of S$80,000 to fall back on in these hardest of times.
As it was, Mr John Thain spent $1.2 million of company money to renovate his office and we ended up helping to pay for, among other things, a $35,000 toilet-bowl and a $1,400 wastebasket.
The scary bit about all this is that the GIC has yet to announce its losses.
In the meantime, the Government tells Singaporeans to further tighten their belts. Wonderful advice for the thousands who stand in line everyday for free food.
Merrill Lynch's bonuses made 696 millionaires, probe reveals
Posted: 12 February 2009 0638 hrs
WASHINGTON: Merrill Lynch quietly paid out at least one million dollars bonus each to about 700 top executives even when the investment house was bleeding with losses last year, a probe has revealed.
They were part of 3.6 billion dollars in the firm's bonus payments in December before the announcement of its fourth quarterly losses and takeover by Bank of America, the investigation by the New York state Attorney General's office showed.
"696 individuals received bonuses of one million dollars or more," New York Attorney General Andrew Cuomo said of the Merrill scandal in a letter to a lawmaker heading the House of Representatives financial services committee.
Cuomo said "these payments and their curious timing raise serious questions as to whether the Merrill Lynch and Bank of America boards of directors were derelict in their duties and violated their fiduciary obligations," according to a copy of the letter.
Bank of America said recently it was aware of the amounts and timing of the bonuses even though previous reports had suggested the top bank was surprised by the payout.
Cuomo said in his letter to Democratic lawmaker Barney Frank that his office was also examining whether senior officials at both companies "violated their own fiduciary obligations to shareholders.
"If they did, this raises additional serious issues with regard to the inappropriate use of taxpayer funds," he said.
"Merrill Lynch's decision to secretly and prematurely award approximately 3.6 billion dollars in bonuses, and Bank of America's apparent complicity in it, raise serious and disturbing questions," he said.
Shareholders and experts had expressed concern over Merrill's 15.3 billion fourth-quarter loss, which caused Bank of America to request a second round of government bailout on January 16.
Bank of America's shareholders voted to approve Merrill's takeover on December 5.
Former Merrill Lynch chief executive John Thain, Bank of America chief administrative officer J. Steele Alphin and other top executives have been summoned to provide testimony in the probe.
"One disturbing question that must be answered is whether Merrill Lynch and Bank of America timed the bonuses in such a way as to force taxpayers to pay for them through the deal funding," Cuomo said.
Cuomo said the Merrill Lynch bonus payment was "nothing short of staggering."
While more than 39,000 Merrill employees received bonuses from the pool, the vast majority of these funds were "disproportionately distributed to a small number of individuals."
"Indeed, Merrill chose to make millionaires out of a select group of 700 employees." - AFP/de


